Bahamas-based Deltec Bank is under scrutiny for allegedly providing 'secret' credit to Sam Bankman-Fried (SBF) for the purchase of Tether, as reported by Bloomberg journalist Zeke Faux. This accusation comes amidst a broader legal drama involving the now-bankrupt FTX exchange, where investors have launched lawsuits against Sullivan & Cromwell (S&C), accusing the firm of aiding and abetting fraudulent activities that led to the exchange's downfall. FTX's legal issues extend to a new lawsuit alleging the firm secretly created and sold Tether stablecoins as part of a profit-making scam. Additionally, the Swiss crypto hedge fund Tyr Capital is facing legal challenges over its dealings with FTX, including accusations of criminal mismanagement and ignoring risk warnings, further complicating the scandal surrounding the crypto exchange.